May drives sterling bounce after four days of Brexit woe



Sterling rebounded on Wednesday after Britain's prime minister said she would offer to give lawmakers some scrutiny of the Brexit process and that Britain would seek "maximum possible access" to Europe's single market.
Sterling plunged in the wake of Britain's shock vote to leave the European Union -- it has lost almost 18 percent against the dollar GBP=D4 since the referendum on June 23. On Tuesday, it hit its lowest ever level on a broad, trade-weighted index basis, according to the Bank of England's website.
Having fallen for four straight days on growing anxiety that Britain's... read more

 
12 October 2016 in Business, Views: 33
Source: Reuters
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